The proposal must include:

1. A title page that states the title of the proposed project, names of principal and co-investigators, contact address, phone number and e-mail address of the principal investigator, amount of funding requested, 100 word abstract, and signatures of the PI and PI’s immediate supervisor;
   
   
2. A project description that addresses one or more of the goals of the interdisciplinary University in not more than four (4) pages using one inch margins and a 12-point Times New Roman font. The project description must include:
1. Clearly delineated project goals, objectives, and expected outcomes that are clearly related to the vision and goals of the interdisciplinary university;
2. An interdisciplinary approach aimed at achieving the project goals and objectives;
3. Roles of collaborators/partners;
4. A timeline; and
5. Assessment procedures.
   
   
3. Project Budget (maximum request of $15,000) line item and narrative that explains how the budget items relate to the project. No salary supplements or overhead are allowed. The following narrative provides additional information that will help principal investigators plan their budgets.

   Venture Funds are grants awarded through the University. The source of funding is from state-allocated resources, and as such, these funds are governed by the same policies and procedures as state funds.

   While students and alumni may be investigators for Ventures Grants, they must partner with University faculty or staff as their co-investigator, and the University faculty or staff must serve as the budget administrator for the grant.

   Venture Fund grants will be awarded by Chancellor Renick in April and funded on July 1, 2006. The actual grant period starts July 1 and ends on May 30, i.e., if your proposal is funded, your funds will not be available until July 1, 2006. The grant recipient should submit a B-1 Form to Ms. Tracey Smith, Associate Director for Budget and Planning, by May 19, 2006. The grant recipient will receive an approved budget and account number by June 1 for a budget that goes into effect on July 1. Further, the grant recipient should request on-line access for the account. Account access to the financial records system (FRS) is provided by the Systems Accounting Group at 334-7563.

   A quick list of do’s and don’ts is provided below to make sure your project gets off to a great start. In creating your budget, please remember that:
   
   

   Venture Funds can		Venture Funds cannot
   Employ temporary staffing of students, faculty and staff.		Hire permanent employees or pay summer stipends of teaching faculty.
   Employ students as research assistants.		Pay student stipends or scholarships.
   Purchase supplies and equipment needed to complete grant research.		Purchase supplies, equipment, or pay maintenance for existing office needs.
   Print programs and research documents as long as they follow state guidelines on publicly printed documents.		Print documents that fall outside state guidelines. Check with Purchasing to be certain the print request complies.
   Purchase food items when there will be at least 50% student participation.		Purchase food items for state employee consumption only.

   
   Venture fund grant budgets are reviewed and maintained by the Office of Budget and Planning. Please call 334-7631 or e-mail Tracey Smith at telmore@ncat.edu if you need further information.
   
   
4. Appendix
   1. Letters of commitment from partners
   2. Curriculum Vitae of key personnel (2 page limit per person)
   3. Suggested list of peer reviewers (provide name, phone number and e-mail address for each suggested reviewer)

   Review Process
   A Review Taskforce, appointed by the Chancellor, will screen proposals and select peer reviewers based on the content of the proposal. The peer group will review and give recommendations to the Taskforce. The Taskforce will forward recommendations to the Chancellor.

   Submission Process
   Completed proposals must be signed by the chair, dean, vice chancellor, or director of the unit as appropriate. Dr. Roselle Wilson, Vice Chancellor for Student Affairs, must approve all proposals submitted by undergraduate students.

   To be considered for the 2006-2007 Ventures Fund Grants, one original signed copy of the completed proposal must be submitted by 12:00 noon on Friday, February 3, 2006. The original signed copy of the proposal should be sent to Mrs. Phyllis Cole, Director of Evening/Weekend Programs, Office of Summer Sessions and Outreach, 1020 Wendover. In addition, submit a MS-WORD copy of the proposal to her at colep@ncat.edu before the February 3 deadline.

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